Market Size of China Waste Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 78.38 Billion |
| Market Size (2029) | USD 101.23 Billion |
| CAGR (2024 - 2029) | 5.25 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Waste Management Market Analysis
The China Waste Management Market size is estimated at USD 78.38 billion in 2024, and is expected to reach USD 101.23 billion by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).
The people’s Republic of China was the largest market for plastics waste in 2016 which accounts for about 60% of the global imports. The G7 countries held a share of about 50% of all the exports of plastic waste to China in 2016. China is the second largest producer of waste in the world. It was a net importer of a huge amount of waste from other countries until January 2018, when the Chinese government banned the import of 24 grades of solid waste, including mixed paper and plastics. The waste industry has consumed a volume of about 211.5 tons in 2017 with the rise in the volume of 4.7% in 2017 compared to 2013. China relies heavily on the imports of recycled materials as industrial raw materials. Hence, there is huge potential for market players in this industry.
